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Article: Aetna Reports Fourth Quarter and Year-End 1998 Earnings.

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Business Wire
Article date:
February 1, 1999
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HARTFORD, Conn.--(BUSINESS WIRE)--Feb. 1, 1999--

Fourth Quarter Earnings Up 29% Over 1997

Aetna (NYSE: AET) today announced fourth quarter 1998 operating earnings(1) before unusual items of $184.5 million, or $1.19 per common share, an increase of 29 percent over the $142.6 million, or $0.87 per common share reported in the fourth quarter of 1997. Including Year 2000 costs, fourth quarter 1998 operating earnings were $154.2 million, or $0.98 per common share, compared with First Call analyst consensus estimates of $0.96 per common share.

Additional Share Repurchase Authorized

Aetna also announced that its Board of Directors has ...

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